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Referierte Aufsätze Web of Science
Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate preference parameters of a representative consumer, for use in policy evaluation. Focusing on dynamic models with time-separable preferences, we show that aggregation holds if, and only if, momentary utility functions fall in the Identical-Shape Harmonic Absolute-Risk Aversion (ISHARA) utility class, ...
In:
European Economic Review
111 (2019), S. 166-190
| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
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Referierte Aufsätze Web of Science
The human personality predicts a wide range of activities and occupational choices—from musical sophistication to entrepreneurial careers. However, which method should be applied if information on personality traits is used for prediction and advice? In psychological research, group profiles are widely employed. In this contribution, we examine the performance of profiles using the example of career ...
In:
Small Business Economics
53 (2019), 1, S. 1-20
| Alexander Konon, Alexander S. Kritikos
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Referierte Aufsätze Web of Science
We empirically investigate the possibility that a decision maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants that is consistent with coin flipping and that entails substantial consequences for the matching outcome. In ...
In:
Journal of Public Economics
167 (2018), S. 240-250
| Nadja Dwenger, Dorothea Kübler, Georg Weizsäcker
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Referierte Aufsätze Web of Science
Children's development is fostered by both high quality Early Childhood Education and Care (ECEC) settings and high quality home learning environments. As we know little about the interrelations between these two environments, we examine whether the child's attendance in a high quality ECEC arrangement relates to the quality of her home learning environment. Using rich NICHD Study of Early Child Care ...
In:
Education Economics
27 (2019), 3, S. 265-286
| Susanne Kuger, Jan Marcus, C. Katharina Spieß
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Referierte Aufsätze Web of Science
Competitive escalation occurs frequently in managerial environments, when decisions create sunk costs and decision makers compete under time pressure. In a series of experiments using a minimal dollar auction paradigm, we test interventions to prevent competitive escalation. Without any intervention, most people, including experienced managers, escalate and lose money by bidding more than the price ...
In:
Journal of Behavioral Decision Making
31 (2018), 5, S. 695-714
| Sebastian Hafenbrädl, Jan K. Woike
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Referierte Aufsätze Web of Science
Based on considerations of societal mothering ideologies, qualitative gender studies suggest detrimental effects of motherhood on women’s mental well-being. However, numerous quantitative life course analyses find no such effect. This dissonance may originate in the measurement of well-being usually employed in longitudinal quantitative designs, which does not capture the dimensions of well-being identified ...
In:
Advances in Life Course Research
37 (2018), S. 31-41
| Marco Giesselmann, Marina Hagen, Reinhard Schunck
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Referierte Aufsätze Web of Science
We analyze competition between Internet Service Providers (ISPs) where consumers demand heterogeneous content within two Quality-of-Service (QoS) regimes, Net Neutrality and Paid Prioritization, and show that paid prioritization increases the static efficiency compared to a neutral network. We also consider paid prioritization intermediated by Content Delivery Networks (CDNs). While the use of CDNs ...
In:
Information Economics and Policy
46 (2019), S. 55-67
| Pio Baake, Slobodan Sudaric
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Referierte Aufsätze Web of Science
Consideration of contracting-out has been a mainstay of Thredbo conferences past, accounting for over half of conference papers. This workshop showed that contracting-out remains an important and vibrant theme, with 32 papers and some 50 participants from 20 countries. Case studies of contracting-out (and variants thereof) were presented at the national level for both bus (21) and rail (6). All stages ...
In:
Research in Transportation Economics
69 (2018), S. 86-96
| Rico Merkert, John Preston, Maria Melkersson, Heike Link
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Referierte Aufsätze Web of Science
Many people live in patrilocal societies, which prescribe that women move in with their husbands’ parents, relieve their in-laws from housework, and care for them in old age. This arrangement is likely to have labor market consequences, in particular for women. We study the effect of coresidence on female labor supply in Kyrgyzstan, a strongly patrilocal setting. We account for the endogeneity of coresidence ...
In:
Demography
55 (2018), 6, S. 2181-2203
| Andreas Landmann, Helke Seitz, Susan Steiner
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Referierte Aufsätze Web of Science
Based on a 12 years panel data set for franchised regional rail services, this paper studies the impact of including service quality into an analysis of efficiency differences between the German public transport authorities (PTAs) in using their available public funds. The analysis employs a two-stage efficiency analysis with a Data Envelopment Analysis (DEA) in the first stage and a Tobit panel model ...
In:
Transportation Research Part A: Policy and Practice
119 (2019), S. 284-300
| Heike Link
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Referierte Aufsätze Web of Science
This paper shows that politicians’ pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank loans. The stronger the performance pressure the riskier the respective local bank exposure becomes. This ...
In:
Journal of Banking & Finance
99 (2019), S. 63-94
| Li Wang, Lukas Menkhoff, Michael Schröder, Xian Xu
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Referierte Aufsätze Web of Science
We investigate gender discrimination in a nationally-representative sample of German firms using a factorial survey design. Short CVs of fictitious applicants for apprenticeship positions are presented to human resource managers who are asked to evaluate the applicants. Women are evaluated worse than men on average, controlling for all attributes of the CV. This measure of discrimination is robust ...
In:
Labour Economics
55 (2018), S. 215-229
| Dorothea Kübler, Julia Schmid, Robert Stüber
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Referierte Aufsätze Web of Science
This study investigates whether the expansion of public child care for children aged younger than 3 years in Germany has been associated with individual‐level change in gender ideologies. The authors develop and test a theoretical framework of the short‐term impact of family policy institutions on ideology change. The analysis links the German Family Panel pairfam (2008 to 2015) with administrative ...
In:
Journal of Marriage and Family
80 (2018), 4, S. 1020-1039
| Gundula Zoch, Pia S. Schober
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Referierte Aufsätze Web of Science
Objectives (1) To describe the accessibility of general practitioners (GPs) by the German population; (2) to determine factors on individual and area level, such as settlement structure and area deprivation, which are associated with the walking distance to a GP; and (3) to identify factors that may cause differences in the utilisation of any doctors.Design Cross-sectional study using individual survey ...
In:
BMJ Open
8 (2018), 10, e021036, 10 S.
| Gregory Gordon Greiner, Lars Schwettmann, Jan Goebel, Werner Maier
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Referierte Aufsätze Web of Science
This paper investigates the macroeconomic risks associated with undesirably low inflation using a medium-sized New Keynesian model. We consider different causes of persistently low inflation, including a downward shift in long-run inflation expectations, a fall in nominal wage growth, and a favorable supply-side shock. We show that the macroeconomic effects of persistently low inflation depend crucially ...
In:
European Economic Review
88 (2016), S. 88-107
| Jonas E. Arias, Christopher Erceg, MathiasTrabandt
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Referierte Aufsätze Web of Science
We argue that the vast bulk of movements in aggregate real economic activity during the Great Recession were due to financial frictions. We reach this conclusion by looking through the lens of an estimated New Keynesian model in which firms face moderate degrees of price rigidities, no nominal rigidities in wages, and a binding zero lower bound constraint on the nominal interest rate. Our model does ...
In:
American Economic Journal: Macroeconomics
7 (2015), 1, S. 110-167
| Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
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Referierte Aufsätze Web of Science
The outcome of any important macroeconomic policy change is the net effect of forces operating on different parts of the economy. A central challenge facing policymakers is how to assess the relative strength of those forces. Economists have a range of tools that can be used to make such assessments. Dynamic stochastic general equilibrium (DSGE) models are the leading tool for making such assessments ...
In:
Journal of Economic Perspectives
32 (2108), 3, S. 113-140
| Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
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Referierte Aufsätze Web of Science
We develop and estimate a general equilibrium search and matching model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. In sharp contrast to leading New Keynesian models, we do not impose wage inertia. Instead we derive wage inertia from our specification of how firms and workers negotiate wages. Our model outperforms a variant of the standard ...
In:
Econometrica
84 (2016), 4, S. 1523-1569
| Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
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Referierte Aufsätze Web of Science
Beyond money and possessions, how are the rich different from the general population? Drawing on a unique sample of high‐net‐worth individuals from Germany (≥1 million Euro in financial assets; N = 130), nationally representative data (N = 22,981), and an additional online panel (N = 690), we provide the first direct investigation of the stereotypically perceived and self‐reported personality profiles ...
In:
British Journal of Psychology
110 (2019), 4, S. 769-789
| Marius Leckelt, David Richter, Carsten Schröder, Albrecht C. P. Küfner, Markus M. Grabka, Mitja D. Back
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Referierte Aufsätze Web of Science
During the last two decades, it has been well established that a short-term exposure to ozone (O3) elicits an oxidative stress response in human and mouse skin, which leads to aberrant transcriptional expression of genes consistent with increased skin aging. Whether a long-term exposure to ambient O3 is associated with any skin aging traits, has remained unclear. We addressed this question in two elderly ...
In:
Environment International
124 (2019), S. 139-144
| Kateryna B. Fuks, Anke Hüls, Dorothea Sugiri, Hicran Altug, Andrea Vierkötter, Michael J. Abramson, Jan Goebel, Gert G. Wagner, Ilja Demuth, Jean Krutmann, Tamara Schikowskia